Ministry of Commerce: China is comprehensively and orderly opening up the service industry. Wang Shouwen | China | Ministry of Commerce
Wang Shouwen, International Trade Negotiator and Deputy Minister of the Ministry of Commerce, stated today at the 2023 APEC Business Leaders China Forum that China will continue to open its doors for development and actively promote high-level openness. Wang Shouwen said that China has basically opened up foreign investment access in the manufacturing industry and is comprehensively and orderly opening up the service industry. In the future, China will reasonably reduce the negative list of foreign investment access, launch free trade pilot zones, and launch a nationwide negative list of cross-border service trade.
Wang Shouwen stated that China will adhere to the rule of law and actively build an international, market-oriented, and legal business environment. Recently, China has introduced some laws and regulations with the aim of improving the construction of the rule of law, expanding institutional openness in rules, regulatory management, and standards, and ultimately providing transparent, predictable, and high-quality protection for the business community. China will vigorously attract foreign investment and welcome foreign-funded enterprises to invest and develop in China. Investing in China means obtaining a huge market of 1.4 billion people, ensuring a safe, stable, and efficient entire industry supply chain, as well as better quality and convenient investment services and a more transparent and stable business environment.